Commonwealth Secretariat Leases 27248 SF At 685 3rd Ave From TIAA-CREF For $60/SF
LEASED
$60
New York
See Similar DealsOffice27,248 SF
Leased 06/17/2016
LEASED
Commonwealth Secretariat Leases 27248 SF At 685 3rd Ave From TIAA-CREF For $60/SF
685 3rd Ave, New York, NY, 10017
See Similar DealsOffice27,248 SF
Leased 06/17/2016
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$60
Total Square Footage:27,248 SF
Transaction Type:Lease
The property involved in this transaction is located at 685 3rd Ave, New York, NY, 10017. It spans a total of 27,248 square feet and operates within the New York market. The rental rate is set at $60 per square foot.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 685 3rd Ave, New York, NY, 10017
- Market: New York
- Tenant: Commonwealth Secretariat
- Landlord: TIAA-CREF
- Tenant's Representative: Daniel "Dan" Organ-Cushman & Wakefield
- Brokers: Matthew Astrachan-JLL, Michael Burgio-Cushman & Wakefield
The transaction involved key individuals such as Daniel "Dan" Organ from Cushman & Wakefield representing the tenant, while brokers Matthew Astrachan from JLL and Michael Burgio from Cushman & Wakefield facilitated the deal. The landlord for this lease is TIAA-CREF.
Players
LANDLORD
Details
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$1,874,206.70
Total Lease Value
$18,742,067.01
Net Landlord Cash Flow$1,874,206.70
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